Working Capital Loan
To procurement and sale of agricultural inputs and procurement of produce for collective marketing, value addition and processing
Purpose
Loan purpose
Term Loan
Setting up of common infrastructure for agri & processing activities.
Pledge Loan
Against Electronic Warehouse receipt (eNWR)· Any other business activity which is helping the PO and its members to generate income
Eligibility
Who can apply
- The PO should have been incorporated at least for six months prior to submission of loan application
- At least one audited balance sheet as on the date of application
- A minimum subscribed share capital of Rs.2 lakh
- Not have been in default to any organization including other banks/FIs
- Comply with legal requirements such as necessary licenses, TIN/ GST number etc.
- A regular CEO in place
- A well laid out business plan at least for the next one year
- The PO should fall into the A+, A, B, B+, C+ Category of POs based on NABKISAN rating tool
Terms
Security, interest & repayment
Security
Collateral free loans with coverage under various CG schemes
Rate of Interest & Processing Fee
Rate of interest & Processing fee is linked to the ALCO rate of Borrowing of NABKISAN and as per the rate of interest policy of NABKISAN applicable from time to time.
Repayment Period
Maximum Repayment period is 7 years for term loans including moratorium period, if any
Up to 18 months for working capital loans including moratorium period, if any